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NIO (NIO) PT Lowered to $8.50 at Citi
June 6, 2024 2:45 PM EDTCiti analyst Jeff Chung lowered the price target on NIO (NYSE: NIO) to $8.50 (from $10.40) while maintaining a Buy rating.
The analyst comments "To factor in YTD strong sales momentum and upcoming new model launches of ONVO and Firefly, we raise 2024-25E sales... More
Citi Reiterates Buy Rating on NIO (NIO)
June 6, 2024 8:26 AM EDTCiti analyst Jeff Chung reiterated a Buy rating and $10.40 price target on NIO (NYSE: NIO).
The analyst comments "1Q vehicle GPM arrived at 9.2% in-line with Bloomberg consensus while GAAP net loss at Rmb5.29bn (narrowed by 6% QoQ but widened by 9% YoY) and missed... More
